Construction on the Tiaoshun Cross-sea Bridge is in full swing. [Photo by Lang Shuchen/Zhanjiang Daily]

The Tiaoshun Cross-sea Bridge, one of the earliest projects in the city to adopt the Private-Public-Partnership (PPP) mode, received a syndicated loan of 1.7 billion yuan ($249.3 million) from the Bank of China on Aug 28.

The loan, which accounts for almost 80 percent of the total cost, will keep the project on schedule and help it succeed, exemplifying the cooperation between enterprises and banks. 

Spanning 16.45 kilometers, the Tiaoshun Cross-sea Bridge and its two extension lines began construction on Dec 1, 2017. The dual six-lane bridge will have a speed limit of 80 kilometers per hour.

The first phase will start from Wenche village and through Shantang village before joining with Haidong Express Line. The second segment will converge with national road 325 (G325) in Jiugong village after passing through Mirendong, Mapi and Shanyao villages.

The bridge, serving as a fast lane that connects the eastern and western parts of Zhanjiang, will ease traffic congestion on Haiwan Bridge and bolster regional economic development.

Rendering of the Tiaoshun Cross-sea Bridge. [Photo/Zhanjiang Evening News]